Well This is Awkward... Biden Administration Quietly Urging Companies to Purchase Russian Fertilizer

The Biden administration has been quietly urging agricultural and shipping companies to buy and carry more Russian fertilizer, according to Bloomberg, citing people familiar with the efforts.

The move comes as fears over sanctions have led to a sharp drop in supplies, contributing to the ongoing spiraling global food costs.

With Moscow being a key supplier of fertilizer, the US and EU have included exemptions on sanctions against doing business with Russia—however many shippers, banks and insurers have been cautiously staying away out of fear that they might accidentally run afoul of the rules in an expensive lesson. Now, US officials are trying to encourage activity in the space.

We can't help but see the irony that Washington is urging farmers to buy Russian fertilizer, while at the same time providing arms and funding to Ukraine.

? Sources: ZeroHedge, Bloomberg

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